Australian shares are set to open higher. US shares rose for an eighth session amid expectations the Fed is poised to pivot to rate cuts. Follow updates here.
Challenger lender Judo Bank says small-and-medium sized businesses once resilient to the toll of higher interest rates are starting to buckle as lower consumer demand begins to bite. The bank, which reported a 3 per cent fall in after-tax profits to $104.
of strong financial and operating performance, delivering to our guidance targets and growing our bank.“ While net-interest margins -- a core measure of bank profitability -- fell 35 basis points to 2.94 per cent as it refinanced ultra-cheap pandemic-era government funding with more expensive sources, this was ahead of expectations for it fall as low as 2.85 per cent.
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